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Side-by-side financial comparison of dLocal Ltd (DLO) and FULTON FINANCIAL CORP (FULT). Click either name above to swap in a different company.
dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $336.2M, roughly 1.0× FULTON FINANCIAL CORP). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs 16.5%, a 11.7% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 4.2%).
dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.
Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.
DLO vs FULT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $337.9M | $336.2M |
| Net Profit | $55.6M | $94.8M |
| Gross Margin | 34.3% | — |
| Operating Margin | 18.6% | — |
| Net Margin | 16.5% | 28.2% |
| Revenue YoY | 65.2% | 4.2% |
| Net Profit YoY | 87.3% | 1.9% |
| EPS (diluted) | $0.18 | $0.55 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $336.2M | ||
| Q4 25 | $337.9M | $336.0M | ||
| Q3 25 | $282.5M | $334.6M | ||
| Q2 25 | — | $324.1M | ||
| Q1 25 | — | $318.4M | ||
| Q4 24 | $204.5M | $319.6M | ||
| Q3 24 | $185.8M | $317.7M | ||
| Q2 24 | — | $334.7M |
| Q1 26 | — | $94.8M | ||
| Q4 25 | $55.6M | $99.0M | ||
| Q3 25 | $141.3M | $100.5M | ||
| Q2 25 | — | $99.2M | ||
| Q1 25 | — | $93.0M | ||
| Q4 24 | $29.7M | $68.6M | ||
| Q3 24 | $90.8M | $63.2M | ||
| Q2 24 | — | $95.0M |
| Q1 26 | — | — | ||
| Q4 25 | 34.3% | — | ||
| Q3 25 | 36.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 42.1% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 18.6% | 35.7% | ||
| Q3 25 | 19.7% | 38.2% | ||
| Q2 25 | — | 37.8% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | 20.7% | 27.0% | ||
| Q3 24 | 22.1% | 25.1% | ||
| Q2 24 | — | 30.8% |
| Q1 26 | — | 28.2% | ||
| Q4 25 | 16.5% | 29.5% | ||
| Q3 25 | 50.0% | 30.0% | ||
| Q2 25 | — | 30.6% | ||
| Q1 25 | — | 29.2% | ||
| Q4 24 | 14.5% | 21.5% | ||
| Q3 24 | 48.9% | 19.9% | ||
| Q2 24 | — | 28.4% |
| Q1 26 | — | $0.55 | ||
| Q4 25 | $0.18 | $0.53 | ||
| Q3 25 | $0.17 | $0.53 | ||
| Q2 25 | — | $0.53 | ||
| Q1 25 | — | $0.49 | ||
| Q4 24 | $0.09 | $0.36 | ||
| Q3 24 | $0.09 | $0.33 | ||
| Q2 24 | — | $0.52 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $719.9M | — |
| Total DebtLower is stronger | $86.7M | — |
| Stockholders' EquityBook value | $569.4M | $3.5B |
| Total Assets | $1.5B | $32.2B |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $719.9M | — | ||
| Q3 25 | $604.5M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $425.2M | — | ||
| Q3 24 | $560.5M | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $86.7M | — | ||
| Q3 25 | $63.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $39.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $3.5B | ||
| Q4 25 | $569.4M | $3.5B | ||
| Q3 25 | $504.7M | $3.4B | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | $489.0M | $3.2B | ||
| Q3 24 | $457.0M | $3.2B | ||
| Q2 24 | — | $3.1B |
| Q1 26 | — | $32.2B | ||
| Q4 25 | $1.5B | $32.1B | ||
| Q3 25 | $1.4B | $32.0B | ||
| Q2 25 | — | $32.0B | ||
| Q1 25 | — | $32.1B | ||
| Q4 24 | $1.2B | $32.1B | ||
| Q3 24 | — | $32.2B | ||
| Q2 24 | — | $31.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.08× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $100.4M | — |
| Free Cash FlowOCF − Capex | $99.8M | — |
| FCF MarginFCF / Revenue | 29.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 1.80× | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $100.4M | $304.5M | ||
| Q3 25 | $315.0M | $116.1M | ||
| Q2 25 | — | $91.7M | ||
| Q1 25 | — | $703.0K | ||
| Q4 24 | $-141.1M | $416.6M | ||
| Q3 24 | $108.3M | $-22.0M | ||
| Q2 24 | — | $157.8M |
| Q1 26 | — | — | ||
| Q4 25 | $99.8M | — | ||
| Q3 25 | $313.4M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-141.6M | — | ||
| Q3 24 | $107.1M | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 29.5% | — | ||
| Q3 25 | 110.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -69.2% | — | ||
| Q3 24 | 57.6% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | 3.08× | ||
| Q3 25 | 2.23× | 1.16× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | -4.75× | 6.07× | ||
| Q3 24 | 1.19× | -0.35× | ||
| Q2 24 | — | 1.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
